Falgu & Co Limited

Falgu & Co Limited

FALGU & CO LIMITED - Company Information

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1 October 2021 false No description of principal activity Taxfiler 2022.12 06685511business:PrivateLimitedCompanyLtd2021-10-012022-09-30 066855112021-09-30 066855112021-10-012022-09-30 06685511business:AuditExemptWithAccountantsReport2021-10-012022-09-30 06685511business:FullAccounts2021-10-012022-09-30 066855112022-09-30 066855112021-09-30 06685511core:WithinOneYear2022-09-30 06685511core:WithinOneYear2021-09-30 06685511core:AfterOneYear2022-09-30 06685511core:AfterOneYear2021-09-30 06685511core:ShareCapital2022-09-30 06685511core:ShareCapital2021-09-30 06685511core:RetainedEarningsAccumulatedLosses2022-09-30 06685511core:RetainedEarningsAccumulatedLosses2021-09-30 06685511business:SmallEntities2021-10-012022-09-30 06685511business:Director12021-10-012022-09-30 06685511countries:EnglandWales2021-10-012022-09-30 06685511business:RegisteredOffice2021-10-012022-09-30 06685511core:MotorVehicles2021-10-012022-09-30 06685511core:FurnitureFittings2021-10-012022-09-30 06685511core:ComputerEquipment2021-10-012022-09-30 06685511core:LandBuildings2021-09-30 06685511core:MotorVehicles2021-09-30 06685511core:FurnitureFittings2021-09-30 06685511core:ComputerEquipment2021-09-30 06685511core:LandBuildings2021-10-012022-09-30 06685511core:LandBuildings2022-09-30 06685511core:MotorVehicles2022-09-30 06685511core:FurnitureFittings2022-09-30 06685511core:ComputerEquipment2022-09-30 06685511business:OrdinaryShareClass12021-10-012022-09-30 06685511business:OrdinaryShareClass12020-10-012021-09-30 066855112020-10-012021-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06685511 (England and Wales)
Falgu & Co Limited Unaudited accounts for the year ended 30 September 2022
Falgu & Co Limited Unaudited accounts Contents
Page
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Falgu & Co Limited Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
448,318 
449,022 
Investments
5
30,013 
30,013 
478,331 
479,035 
Current assets
Inventories
759,238 
544,944 
Debtors
6
1,940,050 
2,384,409 
Cash at bank and in hand
87,894 
79,461 
2,787,182 
3,008,814 
Creditors: amounts falling due within one year
7
(1,390,198)
(1,772,541)
Net current assets
1,396,984 
1,236,273 
Total assets less current liabilities
1,875,315 
1,715,308 
Creditors: amounts falling due after more than one year
8
(332,485)
(384,226)
Net assets
1,542,830 
1,331,082 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
1,542,730 
1,330,982 
Shareholders' funds
1,542,830 
1,331,082 
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2023 and were signed on its behalf by
Mr Alpesh kumar Somabhai Patel Director Company Registration No. 06685511
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Falgu & Co Limited Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
Falgu & Co Limited is a private company, limited by shares, registered in England and Wales, registration number 06685511. The registered office is 59 RUISLIP ROAD, GREENFORD, MIDDLESEX, UB6 9QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on WDV
Fixtures & fittings
25% on WDV
Computer equipment
20% on WDV
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2021
436,087 
42,255 
13,388 
3,478 
495,208 
Additions
- 
- 
2,506 
- 
2,506 
At 30 September 2022
436,087 
42,255 
15,894 
3,478 
497,714 
Depreciation
At 1 October 2021
- 
33,063 
10,200 
2,923 
46,186 
Charge for the year
- 
2,298 
773 
139 
3,210 
At 30 September 2022
- 
35,361 
10,973 
3,062 
49,396 
Net book value
At 30 September 2022
436,087 
6,894 
4,921 
416 
448,318 
At 30 September 2021
436,087 
9,192 
3,188 
555 
449,022 
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Falgu & Co Limited Notes to the Accounts for the year ended 30 September 2022
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2021
30,013 
Valuation at 30 September 2022
30,013 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,940,024 
2,384,409 
Accrued income and prepayments
26 
- 
1,940,050 
2,384,409 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,285,990 
1,534,382 
Taxes and social security
59,208 
76,434 
Other creditors
- 
54,967 
Loans from directors
45,000 
106,758 
1,390,198 
1,772,541 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
332,485 
384,226 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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